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Extreme TMA System

  • #2,161
  • Mar 1, 2012 1:21am Mar 1, 2012 1:21am
Quoting normtold
Would you be looking to sell AUD/USD at FPV too for the same reasons as the GBP/USD short?
I was just about to ask the same question lol
.... laughing all the way to the bank
  • #2,162
  • Mar 1, 2012 1:21am Mar 1, 2012 1:21am
Hi all,

Great thread Al and many thanks. Be aware that there is news coming out on the GBP in 10 mins, manufacturing pmi.
  • #2,163
  • Mar 1, 2012 1:21am Mar 1, 2012 1:21am
Quoting Alorente
In short AudUsd.
Testing FPV at the top band.
Observation is the path to discovery.
  • #2,164
  • Mar 1, 2012 1:23am Mar 1, 2012 1:23am
Quoting Alorente
In short AudUsd.
Also look at the red arrow that has appeared on the slope indi. The value has started to drop. Always a sign of the probable turn.
Observation is the path to discovery.
  • #2,165
  • Mar 1, 2012 1:23am Mar 1, 2012 1:23am
Quoting fxtr51
GBPUSD , the FPV is at 1.59385
(broker Pepperstone GMT + 2 )
I am with pepperstone as well, what are your THV4 pivot settings?
  • #2,166
  • Mar 1, 2012 1:25am Mar 1, 2012 1:25am
Quoting hubby7
Please help , just the first day trading this system already +141pips.
Am I dreaming?Thanks a lot Al you really make a different.But i still have
to learn a lot from you guys .
IŽm happy for you, friend. And you are right. The art of trading is a never ending quest for knowledge. If you stop learning, like in medicine, youŽll become stale and innefective fast and you will be run over by the markets.
Observation is the path to discovery.
  • #2,167
  • Mar 1, 2012 1:29am Mar 1, 2012 1:29am
Quoting SnailRoll
But it wouldn't be a by the book Extreme TMA trade correct? Maybe advanced because it requires bonus knowledge other than following system rules.

And to confirm FPV is at 1.59343?
FPV is 1.5939

You are right. It wasnŽt a by the book trade, and I now see I could have waited a bit and gotten a better fill. Still, I always respect the FPV level and I use it to my advantage. It has made me A LOT of money in the past.
Observation is the path to discovery.
  • #2,168
  • Mar 1, 2012 1:30am Mar 1, 2012 1:30am
Currently AUD/USD and GBP/USD have reached their goal but EUR/USD and USD/CHF have not - does this tell you anything?
  • #2,169
  • Mar 1, 2012 1:30am Mar 1, 2012 1:30am
Quoting StLeon
Hi all,

Great thread Al and many thanks. Be aware that there is news coming out on the GBP in 10 mins, manufacturing pmi.
I donŽt trade the news. The technicals will do what they need to do to get back in balance.
Observation is the path to discovery.
  • #2,170
  • Mar 1, 2012 1:32am Mar 1, 2012 1:32am
AUD/USD 15M slope not really dropping BUT 5M dropping nicely - do you consider this?
  • #2,171
  • Mar 1, 2012 1:32am Mar 1, 2012 1:32am
Quoting fxtr51
GBPUSD , the FPV is at 1.59385
(broker Pepperstone GMT + 2 )
Correct value.
Observation is the path to discovery.
  • #2,172
  • Mar 1, 2012 1:32am Mar 1, 2012 1:32am
All I can say is thanks, Alfredo. It's usually very hard to tell who is a true pro and who isn't in this business: I think it's fair to say you're the former.

This system just makes sense and I will put in the work to honor your selfless sharing of it. Taking input from you as you follow it in real-time is just priceless.

Regards,
Matthew.
  • #2,173
  • Mar 1, 2012 1:34am Mar 1, 2012 1:34am
Quoting fire580
Currently AUD/USD and GBP/USD have reached their goal but EUR/USD and USD/CHF have not - does this tell you anything?
Yes, it tells me that the EurUsd will follow down soon.
Observation is the path to discovery.
  • #2,174
  • Mar 1, 2012 1:35am Mar 1, 2012 1:35am
Quoting Alorente
Yes, it tells me that the EurUsd will follow down soon.
But I canŽt get myself to short it this close to center line and without resistance nearby. WeŽll just let this opportunity go.
Observation is the path to discovery.
  • #2,175
  • Mar 1, 2012 1:36am Mar 1, 2012 1:36am
Watching S&P500 at top band testing FPV.
Observation is the path to discovery.
  • #2,176
  • Mar 1, 2012 1:38am Mar 1, 2012 1:38am
In short S&P. At FPV.
Observation is the path to discovery.
  • #2,177
  • Mar 1, 2012 1:41am Mar 1, 2012 1:41am
Quoting Alorente
Also, please consider that Recovery will only work with trades that are not mistakes to begin with. You can put all the make up you want on a pig, but it will continue to be a pig...
I've just had a chat to my broker (OANDA) regarding the use of separate accounts to limit risks to a fixed %. I wanted to check with them what exactly happens at the point of margin call and how much of a dent is made in the account.

When chatting to them I used an example of a $1000 account and a trade size which uses $980 of margin. My account is currently set at 50:1 leverage which means that a margin call doesn't happen until the unrealised loss hits $510. At that point the trade would be automatically closed leaving it at $490. In other words roughly half the account is lost rather than the whole thing, but crucially, this happens when a very large % of margin is risked.

So going back to your original risk calculation, you used an example of a 4% risk from a $50,000 account. From this you create a separate $2000 trading account. With a large margin trade size only around half the account would be lost so the actual risk is around 2%. To lose the whole thing, i.e. the correct 4% risk, the trade would have to use a small amount of margin.

My question is, what % of margin do you trade with and does anyone know the equation used to calculate this?

PB
  • #2,178
  • Mar 1, 2012 1:41am Mar 1, 2012 1:41am
Quoting fire580
AUD/USD 15M slope not really dropping BUT 5M dropping nicely - do you consider this?
Yes. It is like looking though a magnifying glass the lower you go in a TF. Good trick to use.
Observation is the path to discovery.
  • #2,179
  • Mar 1, 2012 1:43am Mar 1, 2012 1:43am
the spike and mtf HA are no loner to be used, why are they still in the template? just to clarify, we only need TMA, TMA slope, MA xover lines(optional).

Secondly, a minor problem is with " long positions if the Slope value is rising", so if its -.4 and it rose to -.2 is that valid for a long trade, or does it always need to be positive? In ths case we wait for it to go above 0 eg +.1 ?

Tkx a lot, anything else to em is very clear.
  • #2,180
  • Mar 1, 2012 1:43am Mar 1, 2012 1:43am
Quoting bstay2
the FPV, whether 1.5934 or 1.5939, seems to depend on the cut-off time. so do we use 5pmEST close or 12amEST close? is it standard pivot calculation or camarilla pivots?
Set to GMT which most people look at. It is Fibonacci Pivots, not standard.
Observation is the path to discovery.
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